Address: 1902 Louise Avenue A,b,c&d, Panama City, FL 32405
Description
This is a scarce opportunity. Two duplexes, Buildings C and D, two bedroom, one bath, and Buildings A and B, one bedroom, one bath, are for sale together. There are four water and four electric meters; all utilities are separate. These two buildings have fully remodeled plumbing, electricity, roofs, water heaters, and floors, with effective dates 2012 and 2020.ACs and water heaters are 4 to 5 years old. All units come with washer and dryer connections.This quadplex collects 4,045.00 dollars, almost $50,000 a year. All leases is due to increase when it's time to renew.Great opportunity for owner occupier.FHA!! gross income at the current rate is $48,500.00 Insurance is $4000 Taxes are $5,673.36 Vacancy and Maintenance at 5% is $2425 Net Operating income is $36,401.64 CAP Rate is 7.2%
This is a scarce opportunity. Two duplexes, Buildings C and D, two bedroom, one bath, and Buildings A and B, one bedroom, one bath, are for sale together. There are four water and four electric meters; all utilities are separate. These two buildings have fully remodeled plumbing, electricity, roofs, water heaters, and floors, with effective dates 2012 and 2020.ACs and water heaters are 4 to 5 years old. All units come with washer and dryer connections.This quadplex collects 4,045.00 dollars, almost $50,000 a year. All leases is due to increase when it's time to renew.Great opportunity for owner occupier.FHA!! gross income at the current rate is $48,500.00 Insurance is $4000 Taxes are $5,673.36 Vacancy and Maintenance at 5% is $2425 Net Operating income is $36,401.64 CAP Rate is 7.2%
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.
Apply Now
